<PAGE>


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

        [X] Quarterly Report under Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                  For the quarterly period ended June 30, 2003
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     [ ] Transition Report under Section 13 or 15(d)of the Exchange Act For
                the Transition Period from ________ to _________
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                        Commission File Number: 000-28445
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                              Finity Holdings, Inc.
           -----------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


                   Delaware                                 11-3210792
       -----------------------------                     -----------------
        (State or other jurisdiction                       (IRS Employer
      of incorporation or organization)                 Identification No.)


                       5155 Financial Way, Mason, OH 41042
               ----------------------------------------- --------
               (Address of Principal Executive Offices) (Zip Code)


                     513-229-6663 (Phone) 513-229-6744 (FAX)
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                            Issuer's Telephone Number


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act of 1934 during the past 12 months (or such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

Yes [X]     No [ ]

     APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDING DURING THE
                              PRECEDING FIVE YEARS

Check whether the Registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.

Yes [ ]     No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

The Registrant has 100,000,000 Common Stock, authorized, 50,823,073 shares of
common stock issued and outstanding, par value $0.001 per share as of June 30,
2003.

Traditional Small Business Disclosure Format (check one):

Yes [X]     No [ ]




<PAGE>


                          PART I. FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS


                              FINITY HOLDINGS, INC.
                                  BALANCE SHEET
                                  June 30, 2003




<TABLE>
<S>                                                             <C>
Current Assets
  Cash                                                          $       247
                                                                ===========



Stockholders' Equity
  Common stock, $.001 par value, 100,000,000 shares
    authorized, 50,828,073 shares issued and outstanding             50,828
  Paid in capital                                                 8,436,002
  Retained deficit                                               (8,486,583)
                                                                -----------
     Total Stockholders' Equity                                 $       247
                                                                ===========
</TABLE>





                                       2
<PAGE>



                              FINITY HOLDINGS, INC.
                            STATEMENTS OF OPERATIONS
                           Three Months and Six Months
                          Ended June 30, 2003 and 2002

<TABLE>
<CAPTION>
                                            Three Months                          Six Months
                                           Ended June 30,                        Ended June 30,
                                      2003               2002                2003                2002
                                  -----------         -----------         -----------         -----------
<S>                              <C>                 <C>                 <C>                 <C>
Revenues
Cost of operations                $    (3,402)        $   (38,250)        $    (4,001)        $   (83,571)
                                  -----------         -----------         -----------         -----------
  Net loss from operations             (3,402)            (38,250)             (4,001)            (83,571)

Other income and expense
  Other income                                              5,587                                   5,587
                                  -----------         -----------         -----------         -----------
  Net loss                        $    (3,402)        $   (32,663)        $    (4,001)        $   (77,984)
                                  ===========         ===========         ===========         ===========

Net basic and diluted loss
  per share                       $      (.00)        $      (.00)        $      (.00)        $      (.00)

Weighted average shares
  outstanding:                     50,828,073          50,828,073          50,828,073          50,828,073

</TABLE>

                                       3
<PAGE>


                              FINITY HOLDINGS, INC.
                            STATEMENTS OF CASH FLOWS
                     Six Months Ended June 30, 2003 and 2002


<TABLE>
<CAPTION>
                                                   2003             2002
                                                 --------         --------
<S>                                             <C>              <C>
Cash Flows From Operating Activities
  Net loss                                       $ (4,001)        $(77,984)
  Adjustments to reconcile net loss to
    net cash used in operations
  Net change in:
    Other current assets                                            45,200
    Accounts payable and accrued expenses          (4,001)         (10,000)
                                                 --------         --------
    Net cash used in operating activities          (4,001)         (42,784)
                                                 --------         --------
Net change in cash                                 (4,001)         (42,784)
Cash Balances
     - at beginning of period                       4,248           59,680
                                                 --------         --------
     - at end of period                          $    247         $ 16,896
                                                 ========         ========

</TABLE>




                                       4
<PAGE>


                              FINITY HOLDINGS, INC.
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Finity Holdings, Inc.
("Finity"), a Delaware corporation have been prepared in accordance with
accounting principles generally accepted in the United States of America and the
rules of the Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes thereto contained in
Finity's latest Annual Report filed with the SEC on Form 10-KSB. In the opinion
of management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the interim periods presented have been reflected herein. The
results of operations for interim periods are not necessarily indicative of the
results to be expected for the full year. Notes to the financial statements
which would substantially duplicate the disclosure contained in the audited
financial statements for the most recent fiscal year, 2002, as reported in Form
10-KSB, have been omitted.


ITEM 2.  MANAGEMENT DISCUSSION & ANALYSIS

DESCRIPTION OF BUSINESS

We were organized on February 5, 1993 and are currently known as Finity Holdings
Inc. We formerly operated through two wholly-owned subsidiaries, Finity
Corporation, a Texas corporation, and Fi-Scrip, Incorporated, a Nevada
corporation ("Fi-Scrip"). We sold all of our stock in Finity Corporation and
Fi-Scrip effective June 5, 2001. The sale of these two subsidiaries leaves us
without any significant operations and or assets since that date.

Currently, Finity Holdings has one unpaid business manager, John A. Courter, who
is serving as interim President and member of the board of directors. We do not
expect any change in the number of employees in the short term. We are seeking
an operating company with which to merge, subject to other issues being
resolved.

Generally speaking, John A. Courter consults with the two largest shareholders
(89 percent of the stock ownership), attorneys and accountant regarding the
administration of the company on a monthly basis.

We strongly suggest that all shareholders and or prospective shareholders go to
www.sec.gov and read all the public records for the last three years to gain a
complete understanding of the complex changes and continuing evolution of the
corporation.


DESCRIPTIONS OF PROPERTIES

We operate no plants or physical locations other than a single administrative
office. The address is 5155 Financial Way, Mason, OH 45040. Email address is
jacourter@cngfinancial.com


                                       5
<PAGE>

CURRENT OPERATIONS

We ceased operations on June 5, 2001 and have focused on paying our debts,
managing company business and resolving legal issues.

Our recent operating history offers little or no guidance with respect to our
financial performance in the future. Because we have no significant operations,
we do not expect to have any revenues in the next twelve months. Nor do we
expect to have significant operating expenses in the next twelve
months except for funding the administrative costs of the class action
settlement, the Jennings litigation and other legal matters, marketing ads in
the Wall Street Journal and general accounting matters.

There are significant uncertainties that may have a material and or catastrophic
impact upon our liquidity or ability to operate. Specifically, Messrs. Baetz and
Gallant have sought indemnity from us in connection with their potential
liability in the matter discussed in Item 2 below. If they win any significant
indemnity claim, we would become insolvent. If we become insolvent, we would
likely be forced to dissolve and cease our remaining operations.

ITEM 3.  CONTROLS AND PROCEDURES

Because we have ceased operations, we do not have, and have not evaluated within
90 days of the filing of this report, disclosure controls and procedures.


                           PART II. OTHER INFORMATION


ITEM 1.    CORPORATE GOVERNANCE

The Company removed Gary K. Jennings as Interim President and Director on August
27, 2002. The Company named John A. Courter as the new Director and Interim
President.

The Company has moved its principle Offices from 511 F. Street, #504, San Diego,
Ca to 5155 Financial Way, Mason, OH 45040 effective August 27, 2002.

ITEM 2.     LEGAL PROCEEDINGS

Eric Grant and Richard Plestina v. Douglas R. Baetz, et al., Case No.'s 01 CV
1527 (BEN) and 01 CV 2024 J 9BEN), U.S. District Court, Southern District of
California.
As expected, the Court issued its final approval of the class action settlement
on September 30, 2002. There were no objections to the settlement and no
potential class members have opted out of the settlement. Douglas R. Baetz and
Glenn M. Gallant have not settled and remain defendants in the action.

Finity Holdings, Inc. v. Gary K. Jennings, Case No. G/C 795939, California
Superior Court, San Diego County.
The Company was forced to file suit against its former President and Director,
Gary K. Jennings, on September 12, 2002 for Conversion and Violation of
California Corporation Code Section 1602 based upon his refusal to turn over
Company books and records and his refusal to cease holding himself out as a
representative and taking action on behalf of the Company after his removal. The
Company sought and obtained a Temporary Restraining Order and Order to Show
Cause Why a Preliminary Injunction Should Not Issue. The Company general ledger
and check book have not been produced by Jennings and he has failed to produce
an accounting of the missing financial records.


                                       6
<PAGE>
Finity Holdings, Inc. and Gary Jennings, U.S. Department of Labor, Case No.
1085125
Gary Jennings filed a discrimination complaint against the company on January 3,
2003 alleging he was wrongfully terminated as a "whistle blower" in violation of
Section 1107 of the Sarbanes-Oxley, Corporate and Criminal Fraud Accountability
Act of 2002. The company denies these allegations and maintains that Jennings
was legally terminated for a conflict of interest arising out of other unrelated
matters to this litigation. The U.S. Department of Labor is investigating
Jennings' claims and has not yet released its findings.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

(a)  Exhibits - See Index to Exhibits following Certifications.

(b) Reports on Form 8-K - There were no reports filed on Form 8-K for the three
months ended September 30, 2002.


                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned.

Date:  September 23, 2003

                              FINITY HOLDINGS, INC.

                               /S/ JOHN A. COURTER
                       ----------------------------------
                             By: John A. Courter
            President and Principal Financial and Accounting Officer



                                       7
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INDEX TO EXHIBITS

Exhibit
Number                          Description                         Located at
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31.1  302 Certification of Chief Executive Officer

32    Certification of CEO and CFO under Section 906 of the       Filed herewith
      Sarbanes-Oxley Act of 2002



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